BB changes name of banking diploma

The Bangladesh Bank (BB) has decided to change the name of the banking diploma to the banking professional examination, which has been made mandatory for bankers to get promoted to the rank of senior officer or equivalent posts.

After a board meeting of the Institute of Bankers Bangladesh (IBB) - held at the central bank headquarters on Monday - BB spokesperson Md. Mezbaul Hoque said there are criticisms from various quarters over making the banking diploma mandatory for bankers.

"The BB thinks the (diploma) exam is very important for bankers to get promoted. So, the decision will remain in force. We've changed the exam name. Now it will be called banking professional examination."

Mr Hoque said the central bank also decided to take all possible measures to ensure qualitative standard of the exam.

On 8 February, the BB issued a notification, which said in order to enhance skills, competence and capability of bank officers, a two-phase banking diploma has been made mandatory in the eligibility list for promotion to senior officer or equivalent posts.

The meeting on Monday, presided over by BB Governor Abdur Rauf Talukder, was held following strong demand of bankers for reconsideration of the decision.

BB deputy governors, executive director of the department concerned, and managing directors of four state-owned banks and some private sector banks were present in the meeting.

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